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Avoid setting premiums at low prices – Insurance Commissioner

Mr Justice Yaw Ofori, the Commissioner of Insurance, has urged insurance companies to avoid setting premiums at very low prices with the intention to achieve new customers or drive competitors out of the market. Speaking at the launch of Bedrock Insurance Company, Mr Ofori said it is surprising that companies …

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National Insurance Campaign to educate Ghanaians launched

A national Insurance Campaign to educate the public on risk management through various Ghanaian languages has been launched in Accra. The campaign, under the auspices of the Insurance Awareness Coordinators Group (IACG) and the Ghana Insurers Association (GIA), will involve airing of insurance educative jingles in 34 Ghanaian languages. This …

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Some 11 million Ghanaian workers do not have social security

Mr Samuel Kweku Doughan , the TUC Regional Secretary says out of the over 13 million workers in Ghana, 11 million did not have access to social security. “Some workers are denied their annual leave with pay, sick leave with pay and even overtime allowance while some females bear the …

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25% of pension contributors in Ghana on salaries of GH₵400 or less – SSNIT 

Dr John Ofori-Tenkorang, the Director-General of the Social Security and National Insurance Trust (SSNIT), on Wednesday said low pension payment is the reflection of members contribution to the Trust during active service. He said 25 per cent of active contributors were on salaries of GH₵400.00 or less and the same …

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Insurance industry contribution to Ghana’s GDP not encouraging – Minister

Government has charged the National Insurance Commission (NIC) to strive to play its regulatory role effectively to bring vibrancy to the insurance industry. “The Commission must not sleep on the laid-down insurance regulations. Please, crack the whip where and when necessary in order to ensure growth in the industry,” Mr …

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SSNIT OBS Contract trial: Court to hear applications on March 22

The trial of Ernest Thompson, former Social Security and National Insurance Trust (SSNIT) Director-General and four others over the Operating Business Suites (OBS) Contract has been adjourned to March 22. The adjournment is to enable the court presided over by Mr Justice Henry Anthony Kwofie, a Court of Appeal Judge …

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Pension funds are secure – Forum

The Forum for Public Sector Registered Pension Schemes on Friday assured public sector workers that the pension funds currently under the management of the four public sector schemes have been invested in accordance with permitted investment guidelines. The forum made up of 13 entities in a communique after a meeting …

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